GIC invests $14 billion in Swiss bank UBS

last SG · 2007-12-12T22:13:51+00:00

i'm thinking of buying some UBS shares, what do u folks think?I asked for advice at www.secondopinion.asia and was told they do not advise on specific stocks...

Gazelle SG

Eagle,

Please stop your wanking and tua kang story about that $50,000 in your bank account "AS A STUDENT"

If you are so cash rich, why does your dad need to dig into his CPF account to draw out $24,000 to fund your NUS education? Are you some white horse prince where your father has to slog like shi.t while you go to the forum to show off your $50,000, pumping iron and talking about chics.

Grow up lah..bloody wanker!!

CX SG

That's the problem with the current line of argument isn't it?

Pple are saying "dun throw good money after bad money" and "ubs prices are crashing", but seriously... they wouldn't need GIC's investments if they were making record profits and enjoying a nice bout of schadenfreude over everybody else's adverse exposure to collatorallised debt obligations.

That's the whole point of a "fire-sale"! U move in when they're badly gutted and either help them re-build and make money in the process, or break them up and sell off the parts cos the assets are worth more than the company.

The second option cannot be easily excercised by sovereign wealth funds because of the PR fallout it would generate, but the first option is actually viable in the case of UBS.

I think GIC should accept a board seat and perhaps UBS should think twice about its risk appetite.

As for whether this money is "taxpayer's money", I think there are differing opinions on this and we've discussed it before... It came from the public but having entrusted it to the government, its their call on how to use it.

Its seriously too early to criticise. Honestly, I hope it doesn't come to the worst case scenario because I can so visualise the scene if they actually announce "dear pple, we've lost all our reserves and your cpf money" Evil or Very Mad

It would look something like Romania in the last days of Nicolae Ceauºescu...

eagle SG

So are you ready to admit your poor analysis and research skills if I can show you calculations to prove it? You have avoided this question for 3 times. No balls to admit it? Laughing Are you a man at all?

Do you have the balls to take the challenge? You have avoided this question too... Why? You don't have balls?

Gazelle, if you don't have the balls to admit it, no need to talk so big hor.... Only shows what an empty vessel you are... $50k is not a show-off. As soul_rage has said, he saved $120k as a student. It was only a big deal to you. When you have the balls to take up the challenge then you talk big.

Remember, you are the one who want to ask about the $50k. You made false conclusions and analysis. Now when your conclusions and analysis are challenged and on the verge to be proven totally wrong, you escaped. And you still want to stick to your old conclusions. Is that not called distorting facts and figures? Something which you do not like in this forum, yet you still insist on doing it? Laughing

Gazelle SG

So now you are using soul_rage as a backup and support your position?

According to what you said.

1) You have $50,000 saving in your bank account (AS A STUDENT)

2) You claim that the has got nothing to do with your lau peh's $upport

3) You claim that despite that sponsorship, your lau peh still has to withdraw $24,000 from his CPF account to pay for your LOCAL university education.

4) You claim that he did it because if you put money in the bank, it gives your 2.89% returns (still questionable), while the CPF money cost 2.5%. So he will make extra $9.80 per month

My question to you Eagle the Wanker,

If you dad is so desperate for the $9.80 extra interest per month, am I right to say that your families belongs to the lower income group and that your dad is slogging his arse off while his little white horse prince is sitting at home talking about pumping iron and showing off his $50,000 in the forum..

Are you not ashame of yourself wanker?

eagle SG

I have already talked about 1) and 2)

Are you ready to admit your poor research and analysis skills if I can prove to you that 3) and 4) are horrendously wrong conclusions? You have no balls to answer this question is it?

I can also prove to you to the 12.5k you know? Just whether you have the balls to accept that your simple maths failed Laughing

Gazelle SG

I am not sure who is the one that is lacking in balls in this forums. honestly I find that quite insulting for someone who have been seeking advice on how to prey on girl and ask for sexual favours, to ask me that question.

you are a simply a jerk and you should be ashame of yourself!!

Your $50,000 is worth nothing!!

walesa SG

Of course I'm entitled to call myself anything I am just as I'm entitled to call you anything I desire. The only issue of relevance is your logic being so abhorrently incoherent it's not just me who's failed to grasp your amnesia-laden riposte... Laughing

After all, illogical incoherence is a trait typical of wankers, isn't it? Wink

Gazelle SG

exactly, thats why I say you are a wanker. Laughing

eagle SG

Now you say is worth nothing. Then, you talked about it so much as if it is worth your life Laughing

It is obvious your first paragraph is a wrong conclusion too. I have posted it in my siggy for everyone to decide You can continue in your delusions if you want.

And well well well, if you don't have the balls to admit it, don't need to escape answering by using new tactics you know? But it is already obvious, you know you are wrong, thus you dare not at all accept the calculations and analysis to prove you wrong. Only when you think you are correct will you challenge a person. What is this? No balls to admit mistakes? You should be ashamed of yourself! Laughing Call yourself a man

walesa SG

I don't think the crux of the issue with regards to UBS is whether it was an opportune moment to make the investment. Rather, was it even a worthwhile investment? Clearly, just as was the case with Barclays, the stock prices indicate otherwise...

Don't worry - that day will never come. Since when has this fascist regime held its hands up for any of its misdemeanours? After all, perhaps, that's what it would need to await the destiny of Ceacescu - literally, a parallel right up to Ceacescu's final day prior to assassination - befalling this regime... Mr. Green

walesa SG

I see your selective amnesia has prevented the mother of all wankers from citing the post in its entirety. Laughing

eagle SG

He has done that aplenty. Laughing

And it was he who has said:

Laughing

I think he has an issue with himself now.

walesa SG

Doesn't that just drive home my point about his unparalleled propensity for self-contradiction which is in a legendary league of its own? Laughing

Just check out the first post he made trying to justify long haul investments being worthwhile at all costs, then struggling to reconcile his stance with his fervent backing for Temasek's Barclays exploits. Comedy by the stupid of the highest order. Mr. Green

Gazelle SG

If say it all Mr. wanker?

haha...you can call yourself a prince if you want to... Laughing

Your Highness

walesa SG

That's what you're - a self-contradicting wanker. Mr. Green A timely acknowledgement would do wonders for your treatment...

eagle SG

first a wanker
then a prince

Gazelle must be meaning you are a prince wanker is it? Laughing

Hmmm, by calling you highness, he's

1) admitting he is a wanker
2) admitting he is of a lower class as compared to you, which you have already emphasized and we already know

Mr. Green

Gazelle SG

1) For Barclays investment, would you have predicted that RBS will pip Barclays in acquiring ABN Amro during the time when Temasek was planning to make the investment?

2) Suppose if Barclays submitted a higher bid than RBS in taking over ABN Amro, will that benefit Barclays stock price especially if we take into consideration ABN's billions worth of subprime related investment.

3) Is stock price the only yardstick to measure the value of Barclays investment? What about their track record in profit growth, dividend yield, and strategic benefits to enhance Singapore's position as financial hub?

Gazelle SG

Eagle, I dont think I need to repeat myself.

2001
What is love? (want to know if he is falling in love) Laughing
What do u look for in ur life partners? (want to know how to choose girl)
What do gals do when they show interest? (want to know is any girls like him)
Gals, how would u prefer to be ask out on a date? (Want to learn how to date a girl)

2002
Guys, how wil u choose? (how lian, want to tell other he has choice!!) Laughing
How do u tell ur parents you got gf? (planning forward, because he anticipate that he will want to bring gf back to make out)
Love at first sight (still living in his little fantasy)

2007
How would you ask your friend for any sexual activity? (horny bastard want to ask girl for sex) Laughing
How much money to do you need to get married? (thinking of getting married when he is still a student? maybe thinking of using marriage to hold on to her gf)
Reasons why you would go for Singles Club outing (want to know if he is the only one looking for sex)
Are you attracted by intelligence (he doesnt have charm and want to know if by studying hard will it attract opposite sex) Laughing
It is the fear of rejection (Still struggling, no balls to approach chic)
Reason why there are matchmakers (Trying to find out if there is a need to go to one in future)
Define girly / manly (Some girls must have commented that he is girly)
Being single or attached (asking if being single is ok) Laughing
10 Things You Must Know About Fat Loss (Trying to look manly because he is one fat cubby mama's boy)
Lucky Singles Club not Desperate Club (Trying to assure himself he is not desperate)
Supposed you are attached (GF is leaving him, want to know who to hold her back)
I have $50,000 saving as a student (claim he has $50,000 cash sitting in the bank while being a student, but his father has to borrow $24,000 from his CPF account to finance this pri.ck's education)

walesa SG

And how does your post address the contradiction of the following? Laughing

walesa SG

The only thing of concern - and which is probably already known by consensus - is the fact that his intellect is of dubious quality compared to just about anyone else... Laughing

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